+1 (208) 254-6996 essayswallet@gmail.com
  

Need a 500-word paragraph that speaks about: 

Project performance measurement and project closure items:

Don't use plagiarized sources. Get Your Custom Essay on
Week-5 – Team Assignment – Project Performance Measurement
Just from $13/Page
Order Essay

· Evaluate project performance measurement.

When a successful company invests time, money, and other resources in a project, its primary concern is always what it is getting in return for its investment. It is the responsibility of the project manager to ensure these projects stay on schedule and within their approved budget. Performance measurement provides the project manager with visibility to make sure he is operating within the approved time and cost constraints and that the project is performing according to plan. It also alerts management if a project begins to run over budget or behind schedule so actions can quickly be taken to get the project back on track.

Read more: https://www.projectmanagementdocs.com/blog/measuring-project-performance/#ixzz6pFB3sw8Z

Team’s Week 2 project, including responses to the following project performance measurement and project closure items:

· Evaluate project performance measurement.

· Explain how the project managers use earned value (EV) to monitor project performance.

· Calculate the project’s budget at completion (BAC).

· Explain how the schedule and cost performance indexes are calculated and used to monitor project performance.

· Explain how Agile project performance measurement differs from the traditional methods.

Need a 500-word paragraph that speaks about:

Evaluate project performance measurement.

When a successful company invests time, money, and other resources in a project, its primary concern is always what it is getting in return for its investment. It is the responsibility of the project manager to ensure these projects stay on schedule and within their approved budget. Performance measurement provides the project manager with visibility to make sure he is operating within the approved time and cost constraints and that the project is performing according to plan. It also alerts management if a project begins to run over budget or behind schedule so actions can quickly be taken to get the project back on track. Read more: https://www.projectmanagementdocs.com/blog/measuring-project-performance/#ixzz6pFB3sw8Z

Project impact: The reason your organization embarks on a project is for some impact or benefit to an aspect of your business.

Financial: Costs need to be monitored throughout the project to be sure you’re tracking to the budget. 

On-time: Very closely tied to the budget is on-time completion of projects.

Resources: Knowing how much time team members are spending on a project is important for some organizations, especially to ensure that resource utilization is as efficient as possible. 

Quality: It’s good to segment your project into phases so you can evaluate your project quality while there’s still time to adjust before you get to the end.

Return on investment: When you compare the benefits of the project against the project goals as well as the costs of the project you can calculate a return on investment. 

Solve the issue: Were you able to solve the problem or improve the process that was the impetus for the project? This is another important way to know if your project was successful.

https://bernardmarr.com/default.asp?contentID=1792

T

eam’s Week 2 project, including responses to the following project performance measurement and

project closure items:

·

Evaluate project performance measurement.

·

Explain how the project manager

s use earned value (EV) to monitor project performance.

·

Calculate the project’s budget at completion (BAC).

·

Explain how the schedule and cost performance indexes are calculated and used to monitor project

performance.

·

Explain how Agile project performance

measurement differs from the traditional methods.

Need a

500

word

paragraph

that speaks about

:

Evaluate project performance measurement.

When a successful company invests time, money, and other resources in a project, its

primary concern is always what it is getting in return for its investment. It is the

responsibility of the project manager to ensure these projects stay on schedule and

wi

thin their approved budget.

Performance measurement provides the project

manager with visibility to make sure he is operating within the approved time and

cost constraints and that the project is performing according to plan. It also alerts

management if a

project begins to run over budget or behind schedule so actions

can quickly be taken to get the project back on track.

Read more:

https://www.pro

jectmanagementdocs.com/blog/measuring

project

performance/#ixzz6pFB3sw8Z

Project impact:

The reason your organization

embarks on a project is for

some impact or benefit to an aspect of your business.

Financial:

Costs need to be monitored throughout the project to be sure

you’re tracking to the budget.

On

time:

Very closely tied to the budget is on

time completion of pro

jects.

Resources:

Knowing how much time team members are spending on a

project is important for some organizations, especially to ensure that resource

utilization is as efficient as possible.

Quality:

It’s good to segment your project into phases so you c

an evaluate

your project quality while there’s still time to

adjust

before you get to the end.

Team’s Week 2 project, including responses to the following project performance measurement and

project closure items:

 Evaluate project performance measurement.

 Explain how the project managers use earned value (EV) to monitor project performance.

 Calculate the project’s budget at completion (BAC).

 Explain how the schedule and cost performance indexes are calculated and used to monitor project

performance.

 Explain how Agile project performance measurement differs from the traditional methods.

Need a 500-word paragraph that speaks about:

Evaluate project performance measurement.

When a successful company invests time, money, and other resources in a project, its

primary concern is always what it is getting in return for its investment. It is the

responsibility of the project manager to ensure these projects stay on schedule and

within their approved budget. Performance measurement provides the project

manager with visibility to make sure he is operating within the approved time and

cost constraints and that the project is performing according to plan. It also alerts

management if a project begins to run over budget or behind schedule so actions

can quickly be taken to get the project back on track.

Read more: https://www.projectmanagementdocs.com/blog/measuring-

project-performance/#ixzz6pFB3sw8Z

Project impact: The reason your organization embarks on a project is for

some impact or benefit to an aspect of your business.

Financial: Costs need to be monitored throughout the project to be sure

you’re tracking to the budget.

On-time: Very closely tied to the budget is on-time completion of projects.

Resources: Knowing how much time team members are spending on a

project is important for some organizations, especially to ensure that resource

utilization is as efficient as possible.

Quality: It’s good to segment your project into phases so you can evaluate

your project quality while there’s still time to adjust before you get to the end.

Project Performanc e and Completion

•SEPTEMBER 14, 2020

•TEAM 3

•SAMANTHA FISKE

•DAVID KUROPKAT

https://www.coursehero.com/file/68843868/WK-5pptx/

Th is

stu dy

re so

ur ce

w as

sh ar

ed v

ia

Co ur

se H

er o.

co mhttps://www.coursehero.com/file/68843868/WK-5pptx/

Starbucks Tenant Improvement

FULL INTERIOR REMODEL WITH EXTERIOR ADDITIONS

AND SIGNAGE

12 WEEK SCHEDULE $250,000 BUDGET

https://www.coursehero.com/file/68843868/WK-5pptx/

Th is

stu dy

re so

ur ce

w as

sh ar

ed v

ia

Co ur

se H

er o.

co mhttps://www.coursehero.com/file/68843868/WK-5pptx/

Evaluate Project Performance Management

SCHEDULE QUALITY COST STAKEHOLDER SATISFACTION

PERFORMANCE TO BUSINESS

CASE

https://www.coursehero.com/file/68843868/WK-5pptx/

Th is

stu dy

re so

ur ce

w as

sh ar

ed v

ia

Co ur

se H

er o.

co mhttps://www.coursehero.com/file/68843868/WK-5pptx/

Earned Value

https://www.coursehero.com/file/68843868/WK-5pptx/

Th is

stu dy

re so

ur ce

w as

sh ar

ed v

ia

Co ur

se H

er o.

co mhttps://www.coursehero.com/file/68843868/WK-5pptx/

Earned Value

https://www.coursehero.com/file/68843868/WK-5pptx/

Th is

stu dy

re so

ur ce

w as

sh ar

ed v

ia

Co ur

se H

er o.

co mhttps://www.coursehero.com/file/68843868/WK-5pptx/

Project Budget at Completion

 Calculate Budget At Completion (BAC)

 Full project budget

 Calculated at beginning of project

 Not necessarily the final budget

https://www.coursehero.com/file/68843868/WK-5pptx/

Th is

stu dy

re so

ur ce

w as

sh ar

ed v

ia

Co ur

se H

er o.

co mhttps://www.coursehero.com/file/68843868/WK-5pptx/

Schedule & Cost

Performance Index

 Schedule Performance Index (SPI)

 SPI = EV/PV

 Cost Performance Index (CPI)

 CPI = EV/AC

https://www.coursehero.com/file/68843868/WK-5pptx/

Th is

stu dy

re so

ur ce

w as

sh ar

ed v

ia

Co ur

se H

er o.

co mhttps://www.coursehero.com/file/68843868/WK-5pptx/

Agile Project Performance Measurement

Traditional Project Management

 Design up front

 Fixed scope

 Deliverables

 Freeze design as early as possible

 Low uncertainty

 Avoid change

 Low customer interaction

 Conventional project teams

Agile Project Management

 Continuous design

 Flexible scope

 Features/requirements

 Freeze design as late as possible

 High Uncertainty

 Embrace change

 Constant customer interaction

 Self-organized project teams

https://www.coursehero.com/file/68843868/WK-5pptx/

Th is

stu dy

re so

ur ce

w as

sh ar

ed v

ia

Co ur

se H

er o.

co m

Powered by TCPDF (www.tcpdf.org)https://www.coursehero.com/file/68843868/WK-5pptx/http://www.tcpdf.org

Order your essay today and save 10% with the discount code ESSAYHELP